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Acquisitions and Divestitures News

Prospex Oil and Gas Increases Interest in Proven Gas Project
Spain >> 12/17/2018 - Prospex Oil and Gas has exercised its option to increase its interest in the Tesorillo Project in southern Spain to 15% from 2.5%. The Exercise is in line with the Company's strategy to expose shareh...
Andalas Energy & Power Announces Eagle Licence Extension
United Kingdom >> 12/17/2018 - Andalas Energy and Power has provided an update on its investment in Eagle Gas. The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. Under the terms of the exten...
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum
Eni Sells Stake in the Area 1 Offshore Mexico to Qatar Petroleum Mexico >> 12/16/2018 - His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Chief Executive Officer of Eni, signed today a sale and purchas...
Oman Awards Blocks 51, 65 to Oxy, OOCEP
Oman >> 12/16/2018 - Occidental of Oman, the local subsidiary of Occidental Petroleum (Oxy), signed Exploration and Production Sharing Agreements (EPSA) for two new hydrocarbon blocks, effectively ramping up its expanding...
TomCo Energy Announces Placing and Acquisition of Additional Oil Shale Leases
United States >> 12/14/2018 - TomCo Energy plc, the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, has raised £550,000 (gross) by way ...
Chrysaor Sets Sights on Chevron's North Sea Assets
United Kingdom >> 12/13/2018 - Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevronís British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said. ...
Total Reduces Stake in Ichthys LNG
Australia >> 12/13/2018 - Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The tr...
Premier Oil Eyes Bid for Chevronís U.K. North Sea Assets
Norway >> 12/13/2018 - Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. thatís worth about $2 billion, according to people familiar with the...
Total Strengthens Its Exploration Position in Mauritania
Mauritania >> 12/12/2018 - Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania...
UK Oil & Gas Acquires 30% Interest in Arreton Oil Discovery and Licence PEDL331
United Kingdom >> 12/12/2018 - UK Oil & Gas PLC has entered into a binding heads of terms with Solo Oil Plc to acquire their 30% shareholding in the PEDL331 onshore Isle of Wight licence. Upon completion the Company will hold an op...
Gazprom Neft Acquires 2 New License Blocks
Russia >> 12/11/2018 - Gazprom Neft subsidiary Gazpromneft-Khantos has secured subsoil usage rights for geological prospecting, development and production at the Severo-Vaiskiy and Srednevaiskiy license blocks in the Khanty...
Gazprom Neft Expands Its Activities in the Krasnoyarsky Krai
Russia >> 12/10/2018 - Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula. ...
Equinor Completes Sale of Non-Core Asset on UK Continental Shelf
United Kingdom >> 12/10/2018 - Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field. Alba is located in the Central North Se...
Petrobras Announces Start of Non-binding Phase for Sale of Lagoa Parda Cluster
Brazil >> 12/10/2018 - Petrobras, further to the material fact of 10/08/2018, announces the beginning of the non-binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, ...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession Egypt >> 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession United Arab Emirates >> 12/9/2018 - The Abu Dhabi National Oil Company (ADNOC) announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Pet...
QP Signs Agreement Marking its First Entry into the Republic of Mozambique
Mozambique >> 12/8/2018 - Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of...
Premier Oil Announces Completion of the Babbage Area Sale
Norway >> 12/7/2018 - Completion of the Babbage Area sale: Premier has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus) has no...
Gazprom Neft Secures Subsoil Usage Rights to the Yuzhno-Obsky License Block
Russia >> 12/6/2018 - Gazprom Neft subsidiary Gazprom Neft Shelf has won the licensing round for subsoil usage rights (including geological prospecting, development and production) to the Yuzhno-Obsky license block. This n...
Faroe in Norwegian Asset Swap with Equinor
Norway >> 12/5/2018 - Faroe Petroleum is pleased to announce it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (Equinor) to swap its interests in the Njord, Hyme redevelopm...

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